Category: Finance
The S&P 500 has risen 18% year-to-date, driven by enthusiasm for AI and expected interest rate cuts, but many stocks appear expensive historically. Warren Buffett advises caution, emphasizing the importance of buying stocks at rational prices, regardless of market highs. Investors should focus on valuation ratios and consider opportunities even in a high market, as historical data shows many market highs can become floors.
Keywords: S&P 500, Warren Buffett, investing advice
Update At: 7/22/2024